The geospatial analytics market was projected to grow from USD 60.9 billion in 2020 to USD 125.3 billion by 2026 at a CAGR of over 13.0% during the forecast period. The market is driven by a host of factors, some of which are noted below:
The increasing number of AI and ML-based GIS solutions, the development of smart cities and urbanization, advancements in big data analytics, and increased deployment of IoT sensors across locations.
5G communication technology advancement.
Source: https://www.stratviewresearch.com/2749/geospatial-analytics-market.html
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